NOT LISTED FOR SALE
Studio
-- Bath
3,632 Sq Ft
0.38 Acres

Last Sold December 30, 2021

Last sale price $690,000 $190 Per Sq Ft

84 Days on Market

Highlights

  • RV Access or Parking
  • Mountain View
  • Granite Countertops
  • 0.38 Acre Lot
  • Ranch Style House
  • No HOA

About This Home

As of December 2021

Incredible CASH FLOWING turnkey 5-plex in central Tucson! Growing area near Grant Rd! Manage less units w the income of a larger property. Low maintenance! Great tenants with room to increase rents. Many Improvements such as: New roofs, New AC's (efficient), new windows, New electrical panels (and interior electrical), new water line, new plumbing (interior), and more. RENTS: Unit 1: $1,000 Unit 2: $1,000 Unit 3: $700 Unit 4: $1,025 Unit 5: $1,095. 4 units 2bed 1 bath units, plus 1: 1bed 1bath. Agent/Owner

Last Agent to Sell the Property

Charles Loschiavo II

Keller Williams Southern Arizona Listed on: 10/07/2021

Last Buyer's Agent

Shaun McClusky

Rincon Ventures, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 93x185
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence

Home Design

  • Ranch Style House
  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,632 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Family Room
  • Combination Dining and Living Room
  • Storage Room
  • Ceramic Tile Flooring
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Gas Range
  • Granite Countertops

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 5 Parking Spaces
  • Carport
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Courtyard
  • Shed

Schools

  • Wright Elementary School
  • Doolen Middle School
  • Catalina High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Accessible Hallway
  • North or South Exposure
  • Ground Level

Listing and Financial Details

  • $3,500 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • The community has rules related to covenants, conditions, and restrictions, deed restrictions

Building Details

  • Insurance Expense $1,240
  • Water Sewer Expense $3,600
  • New Taxes Expense $3,500
  • Operating Expense $8,340
  • Gross Income $57,840
  • Net Operating Income $49,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Horses: No
  • Lot Size: 93x185
  • Road Surface Type: Paved
  • CapRate: 7.17
  • Co List Office Mls Id: 478313
  • Subdivision Name: Catalina Farms Annex
  • General Property Information: List Price/SqFt: 199.61
  • General Property Information: Lot Size Price/SqFt: 43.8
  • Special Features: None

Interior Features

  • Kitchen Features Appliance Color: White
  • Kitchen Features Countertops: granite
  • Kitchen Features Oven: gas
  • Interior Steps: No
  • Appliances: Gas Range, Refrigerator

Exterior Features

  • ExteriorFeatures: Courtyard
  • Roof: Shingle
  • View: Mountain(s)
  • Construction Type: Concrete Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: None

Utilities

  • Electric Electric Company: TEP
  • Utilities: Sewer Connected
  • Laundry Features: Laundry Room, Outside
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Fee Information

  • Expenses Figures Presented: Actual
  • Expenses Taxes Assessments: 3500.0
  • Annual Water Sewer Expense: 3600.0

Schools

  • Junior High Dist: TUSD
  • Middle Or Junior School: Doolen

Lot Info

  • Lot Features: North/South Exposure
  • Lot Size Sq Ft: 43.0
  • Zoning: Tucson - R2

Building Info

  • Year Built: 1955

Rental Info

  • Utilities Paid Trash: Owner

Tax Info

  • Tax Year: 2020
  • New Taxes Expense: 3500.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 57840.0
  • Insurance Expense: 1240.0
  • Property Net Operating Income: 49500.0
  • Annual Operating Expense: 8340.0

MLS Schools

  • Elementary School: Wright
  • High School: Catalina

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2021 12/30/21 Sold $690,000 -4.8% $190 / Sq Ft
11/26/2021 11/26/21 Price Changed $725,000 -3.3% $200 / Sq Ft
10/07/2021 10/07/21 For Sale $750,000 +212.5% $206 / Sq Ft
03/13/2018 03/13/18 Sold $240,000 0.0% $66 / Sq Ft View Prior Sale
02/11/2018 02/11/18 Pending -- -- --
07/05/2017 07/05/17 For Sale $240,000 -- $66 / Sq Ft
Source: MLS of Southern Arizona

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,929 $29,701 -- --
2024 $3,769 $28,287 -- --
2023 $3,556 $26,940 $0 $0
2022 $3,573 $25,657 $0 $0
2021 $3,553 $23,272 $0 $0
2020 $3,445 $23,271 $0 $0
2019 $3,567 $23,255 $0 $0
2018 $3,588 $21,691 $0 $0
2017 $3,567 $21,691 $0 $0
2016 $3,489 $20,658 $0 $0
2015 $3,384 $19,674 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Southern Arizona

MLS Number: 22125851

MLS of Southern Arizona